Story County Medical Center Endowment Foundation Inc
- Assets
- $644.8k
- Revenue
- $91.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Nevada, IA
- Founding
- 06/1977
- Data as of
- 06/2022
- EIN
- 42-1078827
Organization Overview
Story County Medical Center Endowment Foundation Inc is located in Nevada, IA. The organization was established in 1977. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Story County Medical Center Endowment Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Story County Medical Center Endowment Foundation Inc generated $91.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $9.6k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (42.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.THE MISSION OF THE STORY COUNTY MEDICAL CENTER ENDOWMENT FOUNDATION IS TO ENCOURAGE, ACCEPT, AND MANAGE GIFTS AND GRANTS FROM PUBLIC AND PRIVATE SOURCES GIVEN TO STORY COUNTY MEDICAL CENTER (SCMC) AND ITS FOUNDATION. SCMC ENDOWMENT FOUNDATION WORKS IN PARTNERSHIP WITH THE SCMC BOARD OF DIRECTORS AND ADMINISTRATION TO IDENTIFY AND PRIORITIZE THE MEDICAL CENTER'S FINANCIAL NEEDS AND ENCOURAGES THE ENHANCEMENT OF PRESENT AND FUTURE SCMC HEALTH SERVICES AND FACILITIES. THE FOUNDATION ALSO SUPPORTS PHYSICIAN RECRUITMENT AND RETENTION EFFORTS AS NEEDED, THE DEVELOPMENT OF FUTURE HEALTHCARE LEADERS THROUGH STUDENT HEALTHCARE SCHOLARSHIPS IN STORY COUNTY, AND ADVOCATION FOR HEALTHY COMMUNITIES THROUGH HEALTH EDUCATION PROGRAMS AND EVENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE, ACCEPT, AND MANAGE GIFTS AND GRANTS FROM PUBLIC AND PRIVATE SOURCES GIVEN TO STORY COUNTY MEDICAL CENTER (SCMC) AND ITS FOUNDATION. SCMC ENDOWMENT FOUNDATION WORKS IN PARTNERSHIP WITH THE SCMC BOARD OF DIRECTORS AND ADMINISTRATION TO IDENTIFY AND PRIORITIZE THE MEDICAL CENTER'S FINANCIAL NEEDS AND ENCOURAGES THE ENHANCEMENT OF PRESENT AND FUTURE SCMC HEALTH SERVICES AND FACILITIES. THE FOUNDATION ALSO SUPPORTS PHYSICIAN RECRUITMENT AND RETENTION EFFORTS AS NEEDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Cahill President | OfficerTrustee | 0.5 | $0 |
Robbie Anderson Secretary/treasurer | OfficerTrustee | 0.1 | $0 |
Loni Pringnitz Scmc VP Of Development | OfficerTrustee | 1 | $0 |
Nathan Thompson Scmc CEO | OfficerTrustee | 1 | $0 |
Jane Ramthun Scmc VP Of Finance | Officer | 1 | $0 |
Tricia Crain Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $900 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,440 |
| Total Program Service Revenue | $0 |
| Investment income | $6,031 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $91,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,800 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $855 |
| Information technology | $2,346 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,000 |
| Savings and temporary cash investments | $444,751 |
| Pledges and grants receivable | $94,140 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $102,915 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $644,806 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $69,506 |
| Net assets with donor restrictions | $575,300 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $644,806 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Story County Medical Center Endowment Foundation Inc has recieved totaling $241.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $241 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ozarks Coca-Cola Dr Pepper Bottling Company Group Health Care Trust Springfield, MO | $7,831,308 | $12,060,028 |
Ascension St John Foundation St Louis, MO | $103,759,239 | $15,321,918 |
Local Unions No 19 & 127 Health And Welfare Fund Milwaukee, WI | $5,120,951 | $9,222,695 |
Fairview Foundation Minneapolis, MN | $21,453,874 | $804,082 |
Truman Medical Center Charitable Foundation Kansas City, MO | $28,332,798 | $9,393,864 |
St John Health System Foundation Inc St Louis, MO | $83,967,930 | $10,002,573 |
Board Of Trustees Grand Charity Fund Grand Lodge Of Iowa A F & A M Bettendorf, IA | $8,195,762 | $6,393,688 |
Mercy Health Foundation Springfield Springfield, MO | $38,275,531 | $1,985,040 |
Delta Dental Of Minnesota Trust Minneapolis, MN | $161,726,707 | $13,740,122 |
Northern Illinois & Iowa Laborers Health & Welfare Trust Rock Island, IL | $41,445,522 | $10,740,192 |
Wilson Trailer Company Employee Health Care Fund Sioux City, IA | $3,702,080 | $7,031,035 |
Hennepin Health Foundation Minneapolis, MN | $36,610,127 | $10,869,392 |